On GM we see on the chart that the vwap indicator was forcefully broken by the sellers. However, if the support line is also broken forcefully by a large candle and followed by large volume we will have a downtrend. But, as we say, we must be careful because we can also have the break of the resistance line as well as the vwap with force by a large candle and accompanied by a large volume, hence an uptrend. So said, you have to be really patient so that all the conditions are met. thank you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.